Wednesday, March 23, 2011

Forget Dato T, the question is who is Dato S?

WANTED BY INDIA. A Malaysian tycoon has apparently been interviewed by India's Central Bureau of Investigation in relations to an on-going corruption probe on India'sformer telco minister. The red IC-ed Dato S, who operates from Brickfields, is said to own US$500 million worth of properties in India. An accountant by training with strong links with Tamil Nadu, Dato S also owns several commercial properties in KL.

The company kept depositing the rent but the plot was sold by Saravanan to Shangkalpam Industries Pvt Ltd, Coonoor, for a sum of Rs. 25 crore, much below the market price, which is estimated to be around Rs. 200 crore. The land deal was struck just before the 2009 Lok Sabha elections. But Voltas never pursued the case and the court never sent notices to the respondents. It’s clear that highlevel mediation silenced the company and prevented it from actively pursuing legal proceedings. Now it’s up to the CBI to find out how Saravanan was able to get the power of attorney of 18 persons and execute the land deal.

Shangkalpam Industries, which now owns the property, is run by Dr Shanmughanathan Vellanthurai, 45, a Malay – sian auditor and businessman. He is also director of Shan & Co, an audit firm which has close links with Raja and Ratnam, who is Rajathiammal’s auditor. Shanmugham is a tax expert who once worked with Ernst & Young. It’s a mystery why the Income Tax department didn’t bother to probe the prime land deal in Chennai — normally, its intelligence wing does routine checks on big land deals. Only after the Radia tapes were leaked did the CBI interrogate Ratnam and raid his residence. The CBI is exploring whether any spectrum money was used for the land deals.

According to a business associate, Dr Shanmughanathan has close contacts with Raja and is an influential businessman in Malayasia. He is also on the board of Kamdar Group (M) Berhad, an investment holding company, and engages in the import, export, retail and wholesale of textile and textile-based products globally. The Kamdar group has operations in South Africa too. It is said his close relatives are manning Shangkalpam Industries in India. Dr Shanmughanathan was introduced to A Raja by his relative, Dr Kumaraswamy Shanmughanathan, who heads the Colacumby tea estates in the Nilgiris and is a PhD in dairy science.

SHANGKALPAM LTD has an office in London, registered at the address 188 Royal College Street. The company was incorporated in 1993 and Shangkalpam Ltd owns a tea estate in Nilgiris, the constituency represented by Raja in the Lok Sabha. The company has operations in Singapore, Malaysia, Australia and Dubai, the countries to which Raja and his men travel most frequently.

Dei Tambi, cannot even touch one piece of your bulu - you straightaway get hysterical is it? You people go bashing other races on the heads- its ok is it? Waa, can dish out but cannot take it? Like that, better ask Queen Elizabeth to adopt you quickly. Off you go!